The whole economy is in shambles. The RBI and the central government will have to put their heads together by taking the right steps to boost growth
The present foreign exchange imbroglio and economic crisis faced by our country brings back to memory the near disaster faced in 1991, when the country had to airlift 67 tonnes of gold to pledge with Bank of England and Union Bank of Switzerland to raise $605 million of foreign exchange loan to avert a default in international payments. In January 1991, the foreign exchange reserves of our country had reached a precarious position ..............
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